Clean Yield Group held its position in shares of Honeywell International Inc. (NYSE:HON) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,000 shares of the conglomerate’s stock at the end of the second quarter. Clean Yield Group’s holdings in Honeywell International were worth $543,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Crestwood Advisors Group LLC purchased a new position in Honeywell International during the first quarter worth approximately $100,000. Peoples Financial Services CORP. raised its position in shares of Honeywell International by 62.2% in the first quarter. Peoples Financial Services CORP. now owns 811 shares of the conglomerate’s stock valued at $101,000 after buying an additional 311 shares during the last quarter. Hanson McClain Inc. raised its position in shares of Honeywell International by 0.4% in the first quarter. Hanson McClain Inc. now owns 810 shares of the conglomerate’s stock valued at $101,000 after buying an additional 3 shares during the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at about $114,000. Finally, MCF Advisors LLC increased its stake in shares of Honeywell International by 55.8% in the first quarter. MCF Advisors LLC now owns 935 shares of the conglomerate’s stock valued at $117,000 after buying an additional 335 shares during the period. Institutional investors and hedge funds own 76.49% of the company’s stock.
Shares of Honeywell International Inc. (NYSE HON) opened at 138.27 on Tuesday. The stock has a 50 day moving average of $136.05 and a 200 day moving average of $129.73. The company has a market cap of $105.16 billion, a P/E ratio of 21.44 and a beta of 0.94. Honeywell International Inc. has a 52-week low of $105.25 and a 52-week high of $140.21.
Honeywell International (NYSE:HON) last posted its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.02. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.89 billion. Honeywell International had a return on equity of 26.60% and a net margin of 12.68%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.70 EPS. On average, equities analysts anticipate that Honeywell International Inc. will post $7.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, August 16th. Honeywell International’s payout ratio is 41.24%.
Several brokerages have recently weighed in on HON. Zacks Investment Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday. Cowen and Company restated an “outperform” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Honeywell International in a research report on Tuesday, August 8th. BidaskClub upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Sunday, August 6th. Credit Suisse Group restated a “neutral” rating and issued a $139.00 price objective (up previously from $131.00) on shares of Honeywell International in a research report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $155.00 target price (up from $141.00) on shares of Honeywell International in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $139.17.
In related news, Director Linnet F. Deily sold 4,344 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $138.47, for a total value of $601,513.68. Following the transaction, the director now directly owns 9,753 shares in the company, valued at approximately $1,350,497.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Timothy O. Mahoney sold 341,701 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $138.08, for a total value of $47,182,074.08. Following the completion of the transaction, the insider now owns 294,155 shares in the company, valued at $40,616,922.40. The disclosure for this sale can be found here. Insiders have sold a total of 473,229 shares of company stock worth $64,546,642 over the last 90 days. Company insiders own 1.56% of the company’s stock.
About Honeywell International
Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.
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